Summary by Futu AI
Bank of America Corporation (BAC) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the Utilities Select Sector SPDR Fund, due May 29, 2026. The Notes, priced on June 25, 2024, will issue on June 28, 2024, with an approximate 23-month term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and fund, with a coupon rate of 8.50% per annum payable monthly under certain conditions. The Notes, callable monthly beginning September 30, 2024, are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the Notes is $964.10 per $1,000.00 in principal amount, which is less than the public offering price. The Notes will not be listed on any securities exchange and have CUSIP No. 09711D2L5.